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December 10, 2018

Five Essential Facilities Budgeting Considerations for 2019

By Bob Geiger


I recently published an article in Real Estate Weekly entitled “Five Essential Budgeting Considerations for 2019.” As the year ends and facilities managers and portfolio owners plan their budgets for the coming year, one of the fundamental starting points should be to perform and review an accurate facility condition assessment. This provides information about useful remaining life for major ticket items such as roofing, plumbing and HVAC systems, anticipated repairs and routine maintenance items, and long-term costs for capital needs. From there, budgeting can take into account unexpected maintenance costs and proactive preventative budgeting.

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